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Should I yank my money or ride it out?
I have three 4-5 point Morningstar "risker" mutual funds which have been performing well for the past 5 years, but have been slumping bad in the past year. Should I ride it out or rollover to something safer?
5 Answers
- jebediabartlettLv 61 decade agoFavorite Answer
Well, the worst is probably over...but if never hurts to show a little caution... it should cost you nothing to sell off some of your riskier funds and get into something more conservative. Maybe skim off the profits, if you still have some left..So you'd be back to your original purchases with some money to put into something with less risk.
If any of your funds were " heavy" into financials or energy...move out of them for awhile to see what may happen in 6 months or so.
- googieLv 71 decade ago
When investing, sometimes you have to make your own decision or consult a broker. You just DO NOT confide with the man on the street. He may know less than you do but will put in his 2 cents because he was asked.
Source(s): Ever hear the expression " A fool and his money are soon parted." - Common SenseLv 71 decade ago
As long as the positions make sence in your current "asset allocation".... keep the funds.
- 1 decade ago
short term, pull out and hold onto cash, its king
long term, ride it out and wait a couple of years
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